{"id":5165,"date":"2024-03-01T09:59:09","date_gmt":"2024-03-01T04:29:09","guid":{"rendered":"https:\/\/pczippo.com\/?p=5165"},"modified":"2024-03-04T11:58:43","modified_gmt":"2024-03-04T06:28:43","slug":"arista-vaults-journey-at-shrank-tank-season-3","status":"publish","type":"post","link":"https:\/\/pczippo.com\/shark-tank-india\/arista-vaults-journey-at-shrank-tank-season-3\/","title":{"rendered":"Arista Vault&#8217;s Journey At Shrank Tank Season 3"},"content":{"rendered":"\n<p><strong>Navigating the Seas of Innovation with Purvi Roy and Atul Gupt<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Setting the Stage: Arista Vault Smart Luggage<\/strong><\/p>\n\n\n\n<p>Today, we bring forth a groundbreaking upgrade in the luggage industry\u2014smart luggage that redefines convenience. Imagine a suitcase that not only follows you but also doubles as a comfortable seat. Yes, you heard it right. Arista vault presents the Follow Me Suitcase, allowing you to go hands-free at the airport and even take a seat when needed.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Beyond Boundaries: The Arista Vault<\/strong><\/p>\n\n\n\n<p>&#8220;No matter how responsible we become, there is no stress of losing a wallet or mobile.&#8221; Introducing the Rista Wallet, a fusion of fashion and technology. This smart wallet connects with AI, enabling you to locate your wallet and mobile with just one tap. The stress of losing essentials is a thing of the past.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Innovation in Security: Fingerprint Lock Bags<\/strong><\/p>\n\n\n\n<p>But Arista vault doesn&#8217;t stop there. The team has engineered fingerprint lock bags, ensuring an extra layer of security for your belongings. The commitment to innovation is evident, and the numbers speak volumes\u2014with 35,000 satisfied customers to date.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>The Vision: Arista Vault&#8217;s Mission<\/strong><\/p>\n\n\n\n<p>&#8220;Our vision is to solve the problem of people getting lost through our innovative products and provide the experience of selfie travel to the people.&#8221; Arista vault aspires to redefine the travel experience by addressing common concerns and enhancing convenience through cutting-edge technology.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>The Ask: A Smart Deal for Smart Sharks<\/strong><\/p>\n\n\n\n<p>&#8220;Our ask for this is \u20b95 lakh for 1.5 equity.&#8221; Purvi and Atul extend an invitation to the sharks to join hands in propelling Arista vault to new heights. The pitch is not just about luggage; it&#8217;s about revolutionizing the way we travel.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Diving into the Journey: From Fashion Show to Shark Tank<\/strong><\/p>\n\n\n\n<p>As the sharks inquire about the origin of this innovative venture, Purvi shares, &#8220;I had a fashion show at India Runway Week 2017, where I met Atul and Colonel.&#8221; This trio embarked on a journey to build a company addressing the challenges of lost and stolen belongings, giving birth to Arista vault in 2017.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Charting New Territories: The Unconventional Path<\/strong><\/p>\n\n\n\n<p>Atul, recounting his journey, shares, &#8220;I topped the 10th class, got selected as a Ticket Collector at 17, and eventually took early retirement. It was a challenging job, and I believed I could do something better.&#8221;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Navigating the Numbers: Investments and Valuations<\/strong><\/p>\n\n\n\n<p>The founders elaborate on their journey of securing investments, highlighting support from the Ministry of Electronics and IT, Panak VC, Main Stage Angels, and the Department of Science and Technology. The company&#8217;s valuation has witnessed significant growth, reaching 20 crores.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Unveiling the Tech Marvel: A Live Demo<\/strong><\/p>\n\n\n\n<p>The founders showcase their flagship product\u2014the Follow Me Suitcase. &#8220;Turn on the ride mode, and it becomes a hands-free marvel,&#8221; explains Purvi. With a top speed of 7 km per hour, the suitcase is not just a travel companion but a personal transporter.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>The Tech Behind: Rista Wallet&#8217;s AI Integration<\/strong><\/p>\n\n\n\n<p>Atul provides insights into the technology behind the Rista Wallet, demonstrating its ability to locate the wallet and mobile with a simple tap. The technology extends to securing belongings, ensuring alerts if separated by more than 10 meters.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Pricing Strategies: A Range for Every Traveler<\/strong><\/p>\n\n\n\n<p>Purvi details the pricing strategy, ranging from Rs 1500 for small wallets to Rs 50,000 for high-end travel bags. The founders emphasize their commitment to offering diverse options catering to different preferences and budgets.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Market Dynamics: Tapping into a Growing Industry<\/strong><\/p>\n\n\n\n<p>The founders delve into the market size, citing a $14 billion luggage market in India. With the smart luggage market projected to reach Rs 1000 crore in the next 5 years, Arista Vault aims to be at the forefront of this transformative wave.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Challenges and Solutions: Addressing Shark Concerns<\/strong><\/p>\n\n\n\n<p>As the sharks raise concerns about competition and scalability, Purvi and Atul highlight their strategic focus on branding, influencer marketing, and global expansion. With Ishaan Sharma as the brand ambassador, they aim to create a unique positioning in the market.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Shark Insights: Navigating the Entrepreneurial Seas<\/strong><\/p>\n\n\n\n<p>The sharks provide valuable insights, emphasizing the need for a clear value proposition and potential challenges in the crowded tech market. While some sharks express concerns about the timing and complexity of Arista vault&#8217;s offerings, others suggest a focused approach to scale.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>A Decision Unfolds: Navigating the Tank<\/strong><\/p>\n\n\n\n<p>As the sharks weigh the pros and cons, offers and counteroffers are exchanged. While some sharks express concerns about the complexity of the business, others see potential in Arista vault&#8217;s unique offerings. In the end, a deal is struck, and the founders express gratitude for the opportunity.<\/p>\n\n\n\n<p><strong>Offers Given By Shark&#8217;s:<\/strong><\/p>\n\n\n\n<p>Original Ask 45 Lakhs for 1.5% Equity <\/p>\n\n\n\n<p>Anupam&#8217;s Offer: 15 Lakhs for 1% equity + 30 Lakhs on Debt at 18% interest for 2 years valuation 15 crores <\/p>\n\n\n\n<p>Purvi And Atul&#8217;s Counter offer 20 lakhs for 1% equity + 25 lakhs on Debt at 18 % interest for 2 years valuation 20 crores <\/p>\n\n\n\n<p>Deals locked on Anupam&#8217;s conditional offer : 20 lakhs for 1% equity + 25 lakhs on Debt at 18 % interest for 2 years valuation 20 crores <\/p>\n\n\n\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"891\" height=\"900\" src=\"https:\/\/pczippo.com\/wp-content\/uploads\/2024\/03\/arista-vault.jpg\" alt=\"\" class=\"wp-image-5166\" srcset=\"https:\/\/pczippo.com\/wp-content\/uploads\/2024\/03\/arista-vault.jpg 891w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/03\/arista-vault-297x300.jpg 297w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/03\/arista-vault-768x776.jpg 768w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/03\/arista-vault-100x100.jpg 100w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/03\/arista-vault-96x96.jpg 96w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/03\/arista-vault-150x152.jpg 150w\" sizes=\"(max-width: 891px) 100vw, 891px\" \/><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Conclusion: A Journey Beyond the Tank<\/strong><\/p>\n\n\n\n<p>As Purvi and Atul exit the Shark Tank, they carry with them not just an investment but the validation of their vision. The journey from a fashion show to the Shark Tank exemplifies the spirit of innovation and determination that defines Arista vault. The smart <a href=\"https:\/\/www.aristavault.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">luggage revolution<\/a> has just begun, and Arista vault is at the helm, steering towards a future where travel is not just a journey but an experience.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-text-align-center\">You can also check for <a href=\"https:\/\/pczippo.com\/shark-tank-india\/aroleap-journey-at-shark-tank\/\" target=\"_blank\" rel=\"noreferrer noopener\">R<\/a><a href=\"https:\/\/pczippo.com\/shark-tank-india\/aroleap-journey-at-shark-tank\/\">evolutionizing Home Fitness Aroleap Journey | Shark Tank<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Navigating the Seas of Innovation with Purvi Roy and Atul Gupt Setting the Stage: Arista Vault Smart Luggage Today, we bring forth a groundbreaking upgrade in the luggage industry\u2014smart luggage that redefines convenience. Imagine a suitcase that not only follows you but also doubles as a comfortable seat. Yes, you heard it right. Arista vault [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":5167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[879],"tags":[1835,1837,1515,1840,1838,1075,1839,1637,1836],"class_list":{"0":"post-5165","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-shark-tank-india","8":"tag-arista-vault","9":"tag-arista-world","10":"tag-entrepreneurship","11":"tag-future-of-travel","12":"tag-investment-opportunity","13":"tag-shark-tank-india","14":"tag-smart-luggage","15":"tag-tech-innovation","16":"tag-travel-revolution","17":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.0 - 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